Happy Tuesday, everyone.
I was bracing myself for this morning. Let’s face it, with the Dow losing nearly 2,000 points in a matter of days, a vicious counter-trend rally was bound to happen. And, indeed, the market opened up quite strong.
However, the damage to my incredibly short portfolio wasn’t too bad. Down 1%. And then it started healing. And, as I type this, the ES and NQ are still up huge, but my champs are profitable! So hurrah for good stock picks, amiright? Thank YOU, SlopeCharts!
Anyway, I think we are in an ADVANTAGE: BEARS type situation now and there is a heroic wall of overhead supply on every blessed index there is. Added to which, Bonds and Gold continue to do GREAT, and my bullishness on them is unabated.(more…)